Modiwl ETB-3512:
Investment Banking
Investment Banking 2023-24
ETB-3512
2023-24
Bangor Business School
Module - Semester 1
10 credits
Module Organiser:
Debbie Gilliland
Overview
Introduction to investment banking; Tools of valuation: analysing banks financial performance; Tools of valuation: comparable companies analysis; Tools of valuation: precedent transaction analysis; Tools of valuation: discounted cash flow analysis; Mergers and acquisitions; Leverage buyouts.
Assessment Strategy
-threshold -D- to D+ Satisfactory standard:Some major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.
-good - B- to B+ Very good performance. Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
-excellent - A- to A+ An outstanding performance, exceptionally able. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
-another level- C- to C+ Average Standard: Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
Learning Outcomes
- Analyse and critically discuss leverage buyouts. Students will have an understanding of the difference between M&As and LBOs as well as about the characteristics of a strong LBO candidate. They will be able to understand the macroeconomic factors driving recent trends in LBOs.
- Analyse and critically discuss mergers and acquisitions. Students will learn the reasons that motivate companies to merge, the different types of merge and the actors involved in M&As.
- Understand the activities of investment banks such as: underwriting, advisory, trading and brokerage and asset management.
- Use the three tools of valuation (comparable company analysis, precedent transaction analysis and discounted cash flow analysis) to evaluate banks and companies.
Assessment method
Essay
Assessment type
Crynodol
Description
Group Coursework
Weighting
40%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Exam
Weighting
60%